1001 40th Street SE

Off-Market

1001 40th Street SE, Grand Rapids, MI 49508

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Manufacturing
  • Property Size 124,005 SF
  • Lot Size 10.06 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1979

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 06 Mar, 2008
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $21.65
  • 2021 Office Vacancy Rate 14.55%
  • 2021 Office Completions (SF) 329,230

Grand Rapids Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $163.26
  • Y-o-Y Avg. PpSF Change -17.52%
  • 2021 Office Sales Volume $31.7M
  • 2021 Number of Transactions 3
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    17/100 Car-Dependent
  • Transit Score ®

    32/100 Some Transit
  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Millbrook
  • Zip Code 49508
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    4.59 miles

  • Pacific Pride

    0.43 miles

  • Marathon

    0.68 miles

  • Speedway

    0.71 miles

  • Sunoco

    0.79 miles

  • Admiral

    0.86 miles

  • Speedway

    1.02 miles

  • Citgo

    1.36 miles

  • Citgo

    1.39 miles

  • GoLo

    1.43 miles

  • Speedway

    1.44 miles

  • bus parking

    1.90 miles

  • Stauffer Street Trailhead

    2.47 miles

  • The Rapid Silverline Park & Ride

    2.84 miles

  • Lake Michigan Academy's Parking

    2.86 miles

  • Wing Street Trailhead

    3.63 miles

  • Ethel Parking Lot

    4.28 miles

  • Wealthy Market's Parking

    4.28 miles

  • Eastown Hub Parking Lot

    4.35 miles

  • East Albertus Lot

    4.56 miles

  • Plymouth Lot

    4.59 miles

  • Great White Fish Chicken

    0.84 miles

  • Pizza Hut

    0.90 miles

  • Florentine Sports Lounge

    0.91 miles

  • Papa John's

    0.93 miles

  • McDonald's

    1.15 miles

  • Mr. Burger

    1.19 miles

  • McDonald's

    1.23 miles

  • Subway

    1.36 miles

  • Taco Bell

    1.42 miles

  • Burger King

    1.42 miles

  • Mediterranian Island International Foods

    0.82 miles

  • Meijer

    1.36 miles

  • Family Fare

    1.77 miles

  • Supermercado La Victoria

    1.77 miles

  • Ken's Fruit Market

    1.84 miles

  • ALDI

    1.88 miles

  • Horrocks Market

    1.93 miles

  • Gordon Food Service

    2.25 miles

  • Walmart Supercenter

    2.36 miles

  • ALDI

    2.40 miles

  • Rite Aid

    1.33 miles

  • Kent County Health Department

    1.36 miles

  • Walgreens

    1.41 miles

  • Walgreens

    1.51 miles

  • Kalamazoo Avenue Fire Station

    1.70 miles

  • CVS Pharmacy

    1.71 miles

  • Walgreens

    1.91 miles

  • Kentwood Fire Station

    2.54 miles

  • Kentwood Justice Center

    2.59 miles

  • Kentwood Police Station

    2.60 miles

Frequently Asked Questions

What is the total square footage of 1001 40th Street SE?

1001 40th Street SE totals 124,005 square feet.

When was this property built?

1001 40th Street SE was built in 1979.

When was 1001 40th Street SE last sold?

1001 40th Street SE was last sold on 06 Mar, 2008.

What is the property tax for 1001 40th Street SE?

The property tax for 1001 40th Street SE in 2022 was $86,806.

What is the market value for 1001 40th Street SE?

The market value* for 1001 40th Street SE in 2022 was $3,299,962.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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